Russian Miner Coin

News

A court in Russia determined that the church in Irkutsk must pay electricity bills for running a crypto mining hardware. Grace, a religious organization, denied the fact that electricity was used in the crypto mining process.

At a recent State Duma Financial Market Committee meeting, an initiative to create a “crypto-detective agency” in Russia was proposed. This specialized agency will primarily collect all information on Russian companies planning to launch an initial coin offering (ICO) as well as create a registry of them.

Japan’s leading internet conglomerate and bitcoin exchange operator GMO has announced that it is expanding into the businesses of bitcoin mining and chip manufacturing. The company revealed plans to produce and sell 7nm semiconductor chips and run a mining facility using them in Northern Europe.

The preparation of a pilot project is underway in Russia to subsidize electricity costs to cryptocurrency mining farm owners, according to local publications. Meanwhile, interest in bitcoin, ether, and mining have been growing significantly this year.